6 Reasons Why You Should Start a Business in Nigeria
Today


1. Now Nigeria still remains a hub for most entrepreneurs and
investors. In fact, Nigeria is now the largest economy in Africa, the
number one destination for Foreign Direct Investment in Africa and
one of the fastest growing economies in the world. That’s why
South African and Chinese companies are scrambling to invest in
Nigeria.
Tiger brand recently acquired Aliko Dangote’s stake in
Dangote Flour.
MTN South Africa recently mopped up shares of MTN
Nigeria and Wal-Mart has moved heavily into Nigeria through
its subsidiary, Shop Rite.
GlaxoSmithKline U.K has increased its stake in
GlaxoSmithKline Nigeria PLC.
General Electric is partnering with power generation
companies in Nigeria to boost the nation’s power supply.
Chinese companies are partnering with Nigerian companies
to setup manufacturing plants right here in Nigeria. An
example of such plant is Innoson Vehicle Manufacturing
company in Nnewi.
The list goes on and on but the point I want to stress is that this
is the right time to invest in Nigeria. Please if you are in doubt of
any of the information listed above, Google is your friend. Just do
a search.

2. There are over 150 million people resident in Nigeria and the
population in Nigeria is been predicted to overtake that of United
States by 2050 . Now what this means in essence is that the
market is big enough to absorb any product, provided enough
marketing and awareness is created. Another positive impact of
this population statistics is that there is cheap labor. One of the
reasons China grew to become an industrial hub is because of her
large population, which in turn brought down the cost of labor.

3. Nigeria is fast developing and there is a huge need for
innovative products. If you are resident in Nigeria, kindly reflect on
the position of Nigeria ten years back and compare it with her
present state; you will agree with me that there is a huge change.
Economically, technologically, etc; Nigeria is growing, whether you
admit it or not won’t change the fact. That is why entrepreneurs
and institutional investors from countries like South Africa, China,
Lebanon, Brazil, India, etc are scrambling to invest in Nigeria
because they see the potential that we citizens don’t see.

4. Nigeria is currently riddled with problems and the government is
currently battling to tackle these problems. I am talking about
challenges such as security, infrastructural decay, unemployment,
power failure, corruption, fall in education standard,
accommodation, etc. The average minds believe these problems
can never be resolved and if it is to be resolved, it should be done
by the government.
However, people with entrepreneurial mindset know that these
problems are opportunities; and only those who act will turn these
opportunities into profitable businesses. In all honesty and
humility, I want you to know that I am currently profiting from the
security situation in the country by providing a solution to a
specific security challenge.

5. The government is working to improve the economic condition
of the country, by implementing several policies aimed at
encouraging local content production and small scale enterprises.
If you are well positioned to take advantages of such
opportunities, you will make something from it.

6. The eye of most entrepreneurs and investors doing business in
Nigeria is usually on Lagos, Abuja, and Port Harcourt. However,
tremendous opportunities are laying waste in other states cities
such as Owerri, Aba, Onitsha, Nnewi, Kano, Ogun, Ibadan, Enugu,
etc.
Now to be honest with you, I don’t take heed to what the World
bank and IMF statistics say about Nigeria. I am equally not
moved by the politically inclined propaganda promoted on the
media about Nigeria. I am an entrepreneur on ground, and I have
personally assessed the situation on ground and charted out ways
to harness it.
I would rather work with my own hard facts and proposed
solutions than work with the media statistics. I think I have said
enough. So without wasting your time, below are some small scale
business ideas and opportunities in Nigeria you can invest in
today.

Business Opportunities in Lagos
Business Opportunities in Abuja

If you are in anywhere around the eastern part and have a little money to invest in a profitable business that would bring up your 2015 and beyond, there's a particular opportunity for you, but strictly for those in the east so that they can actively partake and monitor the success real time. You can further inquire by texting +2348063960232.

HAPPY 2015!

You have a good head on your shoulders, in addition to that let's our Gov't introduce ICT to this nation cos it can reduce job unemployment rate presently i earn online and one thing about online income is the more people get involved the more job it will create

@haconi,good ideas, well thought-out points. So, fellow nairalanders, what are we waiting for ? Will you still allow FEAR to be your BOSS? Take an action today. Wishing you all blissful and prosperous new year. www.entrepreneurialjunction..com

I smell front page.
great write up.
i am investing in ecommerce and agriculture

Poor electricity and insecurity will still stand in the way of such initiative.

I am with you a 100%